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Cash for Clunkers to End This Monday
The government is ending the cash for clunkers program on Monday since the program is running out of cash again.
The Car Allowance Rebate system has been so hugely successful the program was given and additional two billion dollars not to long ago. The program will end on 8:00 pm Monday, August 24.
There will be a mad rush this weekend to car dealerships across the county to people can take advantage of the rebate.
The rebate can be between $3,500 and $4,500 depending on the mileage of the car being traded in and the car being purchased.
So far, the cash for clunkers program has recorded 1.9 billion in rebates totaling more than 457,000 car rebates. Most people have turned in trucks and SUV’s in exchange for passenger cars, with an improved gas mileage of around 60 percent.